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Friday, Feb 14, 2025
Mugglehead Investment Magazine
Alternative investment news based in Vancouver, B.C.

Gold

Calibre Mining shareholders approve all matters at annual general meeting

The shareholders approved the election of the board of directors, and reappointed PricewaterhouseCoopers LLP as auditor

Calibre Mining shareholders approve all matters at annual general meeting
At Libertad mine in Nicaragua. Image via Calibre Mining.

Shareholders at Calibre Mining Corp.‘s (TSX: CXB) (OTCQX: CXBMF) approved all matters originally laid out in the company’s management information circular at its annual general meeting.

The meeting was held on Thursday via live webcast. A total of 467,983,736 common shares were represented either in person or by proxy at the AGM, representing approximately 59.3 per cent of hte company’s total outstanding shares.

The shareholders voted to approve the election of the board of directors, and to reappoint PricewaterhouseCoopers LLP, as its external auditor for the coming year.

Calibre Mining is a Canadian mining company engaged in the acquisition, exploration, and development of gold properties in Central and North America, particularly in Nicaragua, Canada and the United States.

Earlier this month, Calibre announced drill results from its 2024 exploration program at the Valentine Gold Mine in Newfoundland & Labrador.  The drill results were from an area located immediately southwest of the Leprechaun deposit, on the edge of the open pit.  This is one of the open pits at Valentine. It possesses Mineral Reserves of 15.1Mt grading 1.73 g/t gold containing 0.84 Moz.

Highlights from the Leprechaun Southwest drill program include:

  • 2.25 g/t Au over 15.30 metres Estimated True Width (ETW) including 24.68 g/t Au over 0.85 metres ETW in Hole LS-24-002;

  • 1.87 g/t Au over 11.57 metres ETW including 9.26 g/t Au over 0.89 metres in Hole LS-14-007;

  • 36.83 g/t Au over 0.91 metres ETW in Hole LS-24-010;

  • 13.32 g/t Au over 0.85 metres ETW in Hole LS-24-011.

Read more: Calibre Mining pulls promising high grades from Valentine Lake Sheer Zone

Read more: Calibre Mining displays sustainability successes with new report

Geotechnical incident in Nicaragua did not impact personnel

Prior to that, Calibre reported a geotechnical incident on the west wall of the Limon Norte Open Pit in Nicaragua.

Although the pit wall movement did not impact personnel or equipment, it will require a change in the Limon Norte Open Pit mine sequencing.  This will have negatively affect Q2 2024 gold production. All other open pit and underground operations at Limon remain unaffected.

The company currently expects Q2 2024 consolidated production to be between 55,000 and 60,000 ounces. By prioritizing higher-grade ore in Q3 and Q4, Calibre maintains its full-year consolidated production guidance of 275,000 to 300,000 ounces.

 

Calibre Mining is a sponsor of Mugglehead news coverage

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